** Spanish utility Iberdrola said it had agreed to sell its stake in its conventional generation assets, held by the company Scottish Power, to Drax for around 801 million euros ($927 million) as part of its asset rotation plans.

** Cloud technology company Twilio Inc said it would buy email technology firm SendGrid Inc in an all-stock deal valued at about $2 billion, combining two firms that handle communications between apps and their users. (Compiled by Mary Ann Alapatt in Bengaluru)